Is Bank Credit Card Debt a Scam? A 45-Day Removal Strategy

[SPEAKER_00]: time to fuel your business success. [SPEAKER_00]: Welcome to harmonious and lunch. [SPEAKER_00]: We're bringing you bite-sized advice and expert conversations to drive clarity in growth five days a week. [SPEAKER_00]: Make sure you join our Facebook group at humanop.com slash lunch where it will soon be like new in our guest hanging out to find fun food business together. [SPEAKER_00]: If you're building a business, you're in the right place. [SPEAKER_00]: Let's dive in.

[SPEAKER_02]: Welcome back into some more bite-sized business advice. [SPEAKER_02]: Today's episode, we got a topic that I personally have never heard of and I'm fascinated to dive in and listen with you today. [SPEAKER_02]: We're talking about how to nuke your credit card debt, but not just paying it off the old fashioned way. [SPEAKER_02]: We had new ideas, fresh takes on things. [SPEAKER_02]: I think that this episode is going to blow your mind.

[SPEAKER_02]: So Tommy Kilpatrick, welcome to the show and thank you for being here. [SPEAKER_01]: Oh, thank you for inviting me. [SPEAKER_02]: So when I was reading your bio and what you talked about before we started recording here, my first thought was, this is either going to get us arrested or it's going to be the greatest thing we've ever heard. [SPEAKER_02]: And I'm open to either one at this point. [SPEAKER_02]: But you tell me, I want you to introduce this topic.

[SPEAKER_02]: New King your credit card debt. [SPEAKER_02]: What is it exactly that we're talking about? [SPEAKER_01]: Right. [SPEAKER_01]: And so I don't mind that it all being accused that you'll be arrested. [SPEAKER_01]: But you got to think about it. [SPEAKER_01]: Is this illegal for doing, or is what the banks doing illegal? [SPEAKER_01]: So I see myself as an accountant that has unveiled the criminality of the bank. [SPEAKER_01]: So this is what happened to me.

[SPEAKER_01]: I had, I'm an author and I wrote a book on health and healing. [SPEAKER_01]: And in two thousand four, I received a contract for an information. [SPEAKER_01]: And so I was test marketed on radio for about six months. [SPEAKER_01]: And I lived off my three credit cards. [SPEAKER_01]: And the one that talent's gotten troubled with the FTC about Paul's claims of weight loss and his book.

[SPEAKER_01]: And that brought the scrutiny that on the company and they canceled all the new talent. [SPEAKER_01]: And so I've left with eighty five thousand dollars of credit card debt. [SPEAKER_01]: And I thought I was going to get they promised me a hundred thousand a month. [SPEAKER_01]: So eighty five was just partly a month's pay. [SPEAKER_01]: So I would have no problem.

[SPEAKER_01]: And so, putting in a tail stem, a little depression for about a month, and then one morning I woke up thinking about my dad and the CPA, I was in school to the CFCPA. [SPEAKER_01]: And I realized the bank did not have a debt. [SPEAKER_01]: They had no invoice to claim that I owed them any money. [SPEAKER_01]: And then I remembered, in our banking class, we had read the modern money mechanics.

[SPEAKER_01]: And the Federal Reserve put this booklet out [SPEAKER_01]: And it says, what banks do to make a loan efficient side upon Missouri, no first, then they write numbers into your free check in account.

[SPEAKER_01]: And if you look at the inflation rate in since seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and seventeenth and

[SPEAKER_01]: And then they implemented the fractional banking system, which is what they do is they sign a promise to pay, because that's what they can take into court without that they have no recourse because you didn't make a promise.

[SPEAKER_01]: So if you promise to pay, and you didn't, now they can come after you. [SPEAKER_01]: So when what they do, they write numbers into the account and that cost inflation. [SPEAKER_01]: So it just didn't straight up ever since then. [SPEAKER_01]: So that's what the bank's do was caught in inflation. [SPEAKER_01]: So I know they didn't have that. [SPEAKER_01]: because they didn't sign a promise or I know.

[SPEAKER_01]: And then the third one is, when you use the card, you agree to the terms and conditions. [SPEAKER_01]: And PSP will say, well, there you go. [SPEAKER_01]: But my problem, a lot of the time was an attorney to judge me long discussions about fraud under all contracts. [SPEAKER_01]: So with that in mind, I filed, based on watching some guy on YouTube years ago, how easy it was and simple to file a federal lawsuit, the judge was so nice to you.

[SPEAKER_01]: accommodating to the pro-say litigants. [SPEAKER_01]: I believe the guy, so I filed three federal lawsuits in Los Angeles. [SPEAKER_01]: And after a while, because in my plea, I didn't explain everything else going on to criminality with the banks did. [SPEAKER_01]: And in negotiations with the attorney for the banks to do a deposition. [SPEAKER_01]: And then I have something I got called in the courts, I just out of the blue.

[SPEAKER_01]: So I showed it for court, and it judged where I meet through some questions. [SPEAKER_01]: And I mainly looked like an idiot. [SPEAKER_01]: which I have in my book and I have had this experience before. [SPEAKER_01]: So he said, Mr. Hill factory, do you have a credit card? [SPEAKER_01]: Well, no, it was a gift. [SPEAKER_01]: Pull your card out. [SPEAKER_01]: So I pulled my card out. [SPEAKER_01]: You know, you gotta do what Judge says. [SPEAKER_01]: That wasn't stated right there.

[SPEAKER_01]: This credit card. [SPEAKER_01]: Well, you gotta credit card. [SPEAKER_01]: You owe the money. [SPEAKER_01]: Get out of here. [SPEAKER_01]: So it threw my three cases out of court. [SPEAKER_01]: So then I thought, well, here I'm gonna get sued, eighty five thousand and then I'm gonna lose everything.

[SPEAKER_01]: I'm just was, then I checked a month later, [SPEAKER_01]: and strained right up all three of those credit cards were off my credit reports gone and no ten ninety nine c that's important because when a bank loan due money let's say a hundred thousand dollars and you don't pay back a penny they notify the IRS through a form of a ten ninety nine c and that says you got income and didn't pay us back so the pay tax on that then that bank gets to do that reduction

[SPEAKER_01]: So the bank never issued me a ten ninety-nine seed. [SPEAKER_01]: They did not take eighty five thousand dollars credit card debt off their taxes.

[SPEAKER_01]: So we know right there it wasn't truly a debt. [SPEAKER_01]: So that's what I did. [SPEAKER_01]: A friend of mine gave me a charity that was kind of inactive. [SPEAKER_01]: I turned it into a credit repair kind of a charity. [SPEAKER_01]: But a lot of people had credit card debt. [SPEAKER_01]: So I'd write a letter to the bank, expedited the fraud, and they never heard a film on the game. [SPEAKER_01]: But the ones that had higher amounts, twenty thirty fifty hundred thousand.

[SPEAKER_01]: they would push back. [SPEAKER_01]: And that's when most of my people would represent themselves. [SPEAKER_01]: They didn't have a problem. [SPEAKER_01]: It's the ones that refused to go into court by themselves. [SPEAKER_01]: I had to hire a attorney. [SPEAKER_01]: And then the last minute, everyone's attorney stabbed me in a bag pulling out of the case. [SPEAKER_01]: I can't say this in front of the judge. [SPEAKER_01]: I got at a client's he'll look like I'm an idiot.

[SPEAKER_01]: But I just realized just recently, I was going to have a podcast. [SPEAKER_01]: I was just on for a legal show. [SPEAKER_01]: And I realized that if the attorney was in the same position, I was that he would look like an idiot and a judge, as I say in my book, would look like he's going to be just barred. [SPEAKER_01]: So that's where I can kind of see their hesitancy in this.

[SPEAKER_01]: So that's going to kind of lighten up a little bit my anger about the attorneys who've stabbed me in a vacuum. [SPEAKER_01]: If they went in the court, they'd be tossed out too. [SPEAKER_01]: So that's basically the story is how you can [SPEAKER_01]: For my background's what happened to me is I did not pay, I didn't have to pay because it wasn't a debt. [SPEAKER_02]: which is fascinating to me.

[SPEAKER_02]: And you mentioned this before we started recording, you said it's only certain credit cards bank issue, credit cards, what does that mean? [SPEAKER_02]: So if someone's listening right now, we're thinking, okay, A, I have credit card debt because we're most of the listeners are American, American citizens. [SPEAKER_02]: Definitely have money on their credit cards. [SPEAKER_02]: It's just what we do best. [SPEAKER_02]: We spend money and keep debt outside of that.

[SPEAKER_02]: Okay, I'm running my business. [SPEAKER_02]: I have credit card debt. [SPEAKER_02]: Now, this guy's telling me, it may be fraud. [SPEAKER_02]: But by the credit card company, and if it's weighing me down, I may be able to get out of it. [SPEAKER_02]: I'm not advocating. [SPEAKER_02]: Don't hear me say this listener to go just right off all your debt and spend money freely. [SPEAKER_02]: That's not what I'm saying.

[SPEAKER_02]: But if it's burying you, this is potentially another way out. [SPEAKER_02]: So, Tommy, back to the question. [SPEAKER_02]: You said it's only a certain number of certain type of cards. [SPEAKER_02]: Explain what you mean by that. [SPEAKER_01]: right. [SPEAKER_01]: So when you say you have credit card debt and you go in the court and say that you've got a debt, you can't get out of it because you're admitting you have a debt.

[SPEAKER_01]: Now we're watching TV and we see a bank robbery and the news always says alleged, even though he dropped their wallet, even though you open it up and see the guy's name is always alleged because you're assumed innocent to forgive him guilty. [SPEAKER_01]: But if you just add that one word, then how can I mute my alleged credit card debt? [SPEAKER_01]: Now you're forcing the bank to come forward with their claim of a debt and their evidence.

[SPEAKER_01]: So there are true credit cards. [SPEAKER_01]: And for example, this same unique tires, you go to a tire store. [SPEAKER_01]: It's their tires. [SPEAKER_01]: They bought them. [SPEAKER_01]: And you say, I don't have any money. [SPEAKER_01]: But I will have some money in a month or so. [SPEAKER_01]: I have a refund check or I've got a paycheck or I get a bonus coming. [SPEAKER_01]: So I can't pay you. [SPEAKER_01]: I just don't have it now.

[SPEAKER_01]: I say, well, [SPEAKER_01]: why don't you apply for the in-store credit card and see if you're approved. [SPEAKER_01]: Hey, you are. [SPEAKER_01]: Hey, great, great. [SPEAKER_01]: They put a thousand dollars of tires on your car. [SPEAKER_01]: They balanced it and off you drive without paying. [SPEAKER_01]: But they have an invoice. [SPEAKER_01]: The invoice is a critical thing. [SPEAKER_01]: I'm not talking to them. [SPEAKER_01]: I'm a wacky weird thing.

[SPEAKER_01]: This is basically accounting. [SPEAKER_01]: So any CPA, anyone who took an accounting class is going to agree with me. [SPEAKER_01]: So I want to say to your listeners, don't believe me. [SPEAKER_01]: I'm a doubt in Thomas. [SPEAKER_01]: I want you to doubt me. [SPEAKER_01]: I have links in the show notes. [SPEAKER_01]: I want you to check out those links so you can see what I'm talking about is the truth.

[SPEAKER_01]: And have this podcast sent to your CPA and have them tell you, I'm actually a hundred percent of rights, okay? [SPEAKER_01]: So a store you owe. [SPEAKER_01]: You owe that money. [SPEAKER_01]: You can't get out of it. [SPEAKER_01]: It's an invoice. [SPEAKER_01]: They have a date. [SPEAKER_01]: They have the tires. [SPEAKER_01]: They have the size. [SPEAKER_01]: They have it taxes. [SPEAKER_01]: They have a labor. [SPEAKER_01]: They have it.

[SPEAKER_01]: And you have an unpaid [SPEAKER_01]: outstanding invoice. [SPEAKER_01]: Okay. [SPEAKER_01]: Now, look on the back of your Amazon Walmart store card, anything that says issued by Bank of America, city bank, Wells Fargo, Deutsche Bank, this works everywhere in the world, not just the USA. [SPEAKER_01]: So if that's the case, that this is an alleged bank issued credit card debt.

[SPEAKER_01]: So that's the critical thing and knowing that we're [SPEAKER_01]: differentiating a store card that you owe money on and it's not a way to get out of it. [SPEAKER_01]: This is a real story of what the bank's did to you. [SPEAKER_01]: So that's what you want to do is look at the back of the card and if it isn't by a bank, then you can challenge this with the bank.

[SPEAKER_02]: Okay, so it assuming you did not actually purchase something that's tied to an invoice and it's just a regular credit card like you said, MX, these a master capital one. [SPEAKER_02]: And it's issued by bank. [SPEAKER_02]: This applies. [SPEAKER_02]: That's helpful. [SPEAKER_02]: So, it's the next step.

[SPEAKER_02]: Said you have to, you said you'd have to write a letter to the bank or the card issue or what, what does that look like? [SPEAKER_02]: And you also said this can be done within forty five days. [SPEAKER_02]: I'm curious what the process looks like. [SPEAKER_02]: Assuming, okay, everything lines up, we're in check so far. [SPEAKER_02]: Now what? [SPEAKER_01]: Right. [SPEAKER_01]: So, before we step into the next part of the bank, it's going to argue.

[SPEAKER_01]: And I'll instant enter questions as a second. [SPEAKER_01]: We have to pull the agree that the bank does not have intervals. [SPEAKER_01]: They do not have an invoice. [SPEAKER_01]: They did not put tires on your car. [SPEAKER_01]: They didn't do that. [SPEAKER_01]: Then you're going to say, Oh, they did a loan. [SPEAKER_01]: Okay. [SPEAKER_01]: So when national question there, Brandon, when you apply for a loan in your turn down, do you still get the loan?

[SPEAKER_01]: No. [SPEAKER_01]: No, you don't think alone, you're turned out. [SPEAKER_01]: But if you get approved or alone, then what do you do? [SPEAKER_01]: You go into the bank and you fill out loan documents. [SPEAKER_01]: You have to provide proof that you have an income. [SPEAKER_01]: Because the bank cannot, you cannot be accused of predatory practices.

[SPEAKER_01]: They've got this show, the court, that they've actually did their due diligence and make sure you could actually pay this back. [SPEAKER_01]: So they ask you for proof of evidence of income. [SPEAKER_01]: You also have to put up collateral. [SPEAKER_01]: You have to put your house up the car or if you go for a personal loan, there's going to be something that they can take away from you and then sell it to get their money back because there was a loan.

[SPEAKER_01]: They just can't do that. [SPEAKER_01]: They have some kind of collateral. [SPEAKER_01]: Then the other thing they do is they need a credit record to show your history. [SPEAKER_01]: Your credit score indicates the amount of interest rate you're going to pay. [SPEAKER_01]: But the last thing you have to sign is a promissory note. [SPEAKER_01]: That's a critical thing. [SPEAKER_01]: When you sign the promissory note, you're promising to pay them back.

[SPEAKER_01]: So the system, I get you out of a loan for a mortgage and then get you out of a car loan, doesn't get a seller personal loan. [SPEAKER_01]: If you sign a promissory note. [SPEAKER_01]: So with that all being said, all you have to do is write a letter to the bank, ask him to close your free check in account that's associated with his card. [SPEAKER_01]: It sounds like you're going to say, I know, you're going to say, what check in account.

[SPEAKER_01]: What the banks do is are all about loans. [SPEAKER_01]: So if you have no money and you walk into a bank, you're going to walk out with money. [SPEAKER_01]: And how you do that is with a loan. [SPEAKER_01]: Now the other side of it is when you take money to a bank and you put money into it, it's actually considered a loan to the bank. [SPEAKER_01]: So banks try to get you as a customer and they spend money. [SPEAKER_01]: They have a budget.

[SPEAKER_01]: They have advertising money to spend to get you as a customer. [SPEAKER_01]: years ago, they would buy a toaster and give it to you. [SPEAKER_01]: They would buy a wall clock and you come into the bank, open account and they would give it to you. [SPEAKER_01]: There was an ad once in a pay for this. [SPEAKER_01]: They said, come into our bank with twenty five dollars. [SPEAKER_01]: Keep it there for ninety days and we will match the amount.

[SPEAKER_01]: So on day ninety one, I went into the bank, took out fifty dollars, closed the account. [SPEAKER_01]: Let me ask you a question, Brendan. [SPEAKER_01]: Did I rip off the bank? [SPEAKER_01]: Did I steal from the bank? [SPEAKER_01]: Oh, that was their promotion. [SPEAKER_01]: They promised it. [SPEAKER_01]: That was, that was, that I fulfilled their equipment. [SPEAKER_01]: I gave me the money. [SPEAKER_01]: It would legal morally, that could be correct.

[SPEAKER_01]: That's exactly what they did when they sent you a five hundred dollar credit card. [SPEAKER_01]: It's disguised as a credit card. [SPEAKER_01]: It's a true gift card. [SPEAKER_01]: They think about it. [SPEAKER_01]: You applied, you were approved, and they mailed to you. [SPEAKER_01]: We used the word gay. [SPEAKER_01]: They gave me the card. [SPEAKER_01]: The guard came in the mail. [SPEAKER_01]: And that's called a gift card. [SPEAKER_01]: So what did you do?

[SPEAKER_01]: You're a good card. [SPEAKER_01]: You went to Home Depot.

[SPEAKER_01]: You bought a toilet, a golden throne. [SPEAKER_01]: So you're walking out with a golden throne and a guy at the door said, wait, wait, wait, did you pay for that? [SPEAKER_01]: And what do you have? [SPEAKER_01]: You have a receipt. [SPEAKER_01]: I mean, actually a question. [SPEAKER_01]: Are you going to get a statement at the end of the month? [SPEAKER_01]: without outstanding invoice from Home Depot. [SPEAKER_01]: Are you going to get that?

[SPEAKER_02]: No, but you're going to get a snow. [SPEAKER_01]: No, you're going to cut them. [SPEAKER_01]: They were paying the bank. [SPEAKER_01]: Where did that money come from? [SPEAKER_01]: It came from an advertising budget. [SPEAKER_01]: Just like they get in a wall clock or a toaster and they gave me twenty five dollars. [SPEAKER_01]: They do this as a promotion. [SPEAKER_01]: You as a customer. [SPEAKER_01]: So what you do, you think you're doing the right thing.

[SPEAKER_01]: want to be moral, you don't be right, and you write at a five hundred-hour check in mail to the bank because that statement made a look like a bill. [SPEAKER_01]: Now, may I show you a question. [SPEAKER_01]: You remember years ago we used to get a statement every month in a mail announced by email and thought that we don't even look at it. [SPEAKER_01]: But every month, we get a statement from our checking account. [SPEAKER_01]: Now, is that a bill?

[SPEAKER_01]: No. [SPEAKER_01]: No, that's not a bill. [SPEAKER_01]: It serves the beginning balanced. [SPEAKER_01]: What I deposited, what I paid out, [SPEAKER_01]: my checks and debit cards and other fees are charged at heaven. [SPEAKER_01]: And that's my Indian balance. [SPEAKER_01]: That's what it is. [SPEAKER_01]: The same thing that counting is that is not a bill. [SPEAKER_01]: A bill is from an invoice.

[SPEAKER_01]: So as state that came in, you would have five hundred dollar checkout and mail to the bank.

[SPEAKER_01]: That technically is a loan. [SPEAKER_01]: You put the money into a free check in account. [SPEAKER_01]: And every day you spend that [SPEAKER_01]: that lowered the obligation that bank has to you on your loan. [SPEAKER_01]: If you spent it, and rightly so, it's your money. [SPEAKER_01]: So, everything subsequent purchase by you has been with your own money.

[SPEAKER_01]: You have women depositing money at the end of the month, and they make you pay interest if you didn't fill it up to five hundred, their arbitrary amount. [SPEAKER_01]: That's where they've heard of fees and late fees, annual fees, all these fees add up to on average. [SPEAKER_01]: And I checked this out about two months ago. [SPEAKER_01]: You can type it online and say, what does that bank ever to make on a card? [SPEAKER_01]: And it's twenty three dollars in full of sense.

[SPEAKER_01]: So if a bank has a million card holders, they're bringing in twenty three million dollars a month on a scam. [SPEAKER_01]: They are cheating and they lied to you. [SPEAKER_01]: This is not a debt. [SPEAKER_01]: So it's a free check in account. [SPEAKER_01]: And you're your own money, you have spent it. [SPEAKER_01]: So the letter, first of all says, I want to close the account, my here's the thing.

[SPEAKER_01]: If you go into a bank and close the account, they say, oh, here you go, sir, here's what step left in the balance do. [SPEAKER_01]: And now we have a zero balance. [SPEAKER_01]: Now we close the account, not with these. [SPEAKER_01]: The banks will steal your money. [SPEAKER_01]: So you need to close, you need to withdraw your money. [SPEAKER_01]: You have been paying every month. [SPEAKER_01]: That money is yours. [SPEAKER_01]: They call it available credit.

[SPEAKER_01]: No, it's what's available to you that you can use to this your own money. [SPEAKER_01]: So you need to withdraw that money first before you write this letter. [SPEAKER_01]: Are they're going to keep your money.

[SPEAKER_01]: So I call that. [SPEAKER_01]: So withdraw the money. [SPEAKER_01]: Then write a letter to the bank saying you want to close your free check and account associated with this. [SPEAKER_01]: And that's the weakest. [SPEAKER_01]: Now, if you want to add some power to that, have your CPA, write a letter saying, first of all, the bank does not have an invoice. [SPEAKER_01]: There is no debt, too.

[SPEAKER_01]: Since there are never weather promissory notes, it's not possible for them to have issues you alone because you didn't sign. [SPEAKER_01]: You have no documentation. [SPEAKER_01]: And then you have your attorney. [SPEAKER_01]: And there's an easy way. [SPEAKER_01]: They sell three hundred dollars for a letter. [SPEAKER_01]: I know. [SPEAKER_01]: But there's a thing called legal shield. [SPEAKER_01]: And for twenty nine ninety five, you can have this for one month and then quit.

[SPEAKER_01]: You don't need to do it every month. [SPEAKER_01]: But an attorney will write the letter to the bank saying fraud and does all contracts. [SPEAKER_01]: It has been paidly over and over again. [SPEAKER_01]: That Supreme Court has ruled that they cannot be involved in a crime. [SPEAKER_01]: You can't bring a criminal. [SPEAKER_01]: You're criminal activity to court.

[SPEAKER_01]: They'll throw it out because if you're committed to crime, you don't get to play the game of that's a contract. [SPEAKER_01]: So you don't have a contractual agreement with the bank. [SPEAKER_01]: Now, if you have a higher amount, you do what I did, if you file a lawsuit, not a federal state, but you don't even file it, okay? [SPEAKER_01]: Make it look like you did. [SPEAKER_01]: There's no docket number, okay?

[SPEAKER_01]: So you fill out the complaint, you lay out exactly the scam that the bank is doing.

[SPEAKER_01]: You also put in there that if you send me a ten ninety nine see I'm going to file a thirty nine forty nine eight with the IRS and that's a form to file to let them to notify the IRS of fraudulent activity is fraudulent activity by the bank they are committing tax fraud by making a claim on a loss when they never had a loss it would your own money they stole from you basically and now they're making a claim of a tax deduction so you will not get a ten ninety nine see at all

[SPEAKER_01]: And then what you're going to ask for is for them to remove it on your credit point, right? [SPEAKER_01]: Very simple. [SPEAKER_01]: Now, here's the best part about it is that in that complaint, you include the discovery. [SPEAKER_01]: I had all this stuff all done it out for you. [SPEAKER_01]: It's always simple, but you ask for production documents and raw tutorials with your questions, admissions, but you want the deposition. [SPEAKER_01]: You plan and test it paid.

[SPEAKER_01]: Still, it's not even violent, okay? [SPEAKER_01]: But if you plan and anticipate them, respond about twenty days and in ten days, you can have a deposition. [SPEAKER_01]: So in about thirty days, you give my three days, they like that. [SPEAKER_01]: So in once the bank receives this, they're looking at, oh my God, if we respond to this, we're going to have to have a deposition.

[SPEAKER_01]: Someone and then bank is going to have to swear there on a Bible saying that you have a debt, and we have evidence. [SPEAKER_01]: We have an invoice. [SPEAKER_01]: We have a certified copy, the promissory note. [SPEAKER_01]: And you've got someone who's going to swear that you have a debt with a bank. [SPEAKER_01]: Now, that's going to put shivers through. [SPEAKER_01]: But here's the best part is the injunction.

[SPEAKER_01]: So when someone's bothering you, you can go into court and say, judge, this person's harassing me. [SPEAKER_01]: They say, I owe them money. [SPEAKER_01]: They're coming after me, debt collectors, all the kind of stuff. [SPEAKER_01]: But I don't owe them anything. [SPEAKER_01]: And that gives the other side of chance, thirty days to bring to the court,

[SPEAKER_01]: evidence of their death, they would have to have an invoice of copy the prom serity note. [SPEAKER_01]: They have to have somebody who's going to swear that you owe money and they can't do that. [SPEAKER_01]: If they can't do that, now they're in contempt of quarters. [SPEAKER_01]: So when you send this to the registered agent, they're the person who receives all the lawsuits, you send this rich. [SPEAKER_01]: I want to kill my neck with a cannon.

[SPEAKER_01]: And so when the attorney looks at this, the bank attorney, they're going to go [SPEAKER_01]: This is going to be forty hours of my work at five hundred bucks an hour. [SPEAKER_01]: There's twenty thousand dollars. [SPEAKER_01]: We're looking at fifty thousand dollars just to get the things started. [SPEAKER_01]: And now I've got a deposition in ten days. [SPEAKER_01]: This is not the best thing way to go bank. [SPEAKER_01]: You better pay a lot.

[SPEAKER_01]: All they want is it clicked off your credit for it. [SPEAKER_01]: So that's all they're going to do. [SPEAKER_01]: One click is off your credit for it. [SPEAKER_01]: And that takes about thirty days. [SPEAKER_01]: So figure thirty and fifteen about forty five days. [SPEAKER_01]: Look at your credit for it. [SPEAKER_01]: And that should be off your credit for it. [SPEAKER_01]: Is that happening? [SPEAKER_01]: And this is about a thousand people I helped over the years.

[SPEAKER_02]: Yeah, I mean, it's it's fascinating stuff and and you, you know, I've kind of dug into this world in other areas, not with credit cards, but with how banks work and and the Federal Reserve and loans and all this stuff. [SPEAKER_02]: And once you open the can of worms, I promise you, there's no going back. [SPEAKER_02]: So it sounds like you've done the same Tommy. [SPEAKER_02]: You said you had links to these resources. [SPEAKER_02]: What was it on your Facebook page website?

[SPEAKER_01]: I can send to you the new show notes and the first link is just that banks do not make any loans. [SPEAKER_01]: And to the second link is about how they have to have a promise or any note. [SPEAKER_01]: And the third link is about the law that Supreme Court will open over again that fraud under all contracts. [SPEAKER_01]: Now the fourth one is a fun little guy on YouTube.

[SPEAKER_01]: He says do this. [SPEAKER_01]: I made three hundred and sixty one dollars. [SPEAKER_01]: You deposit money into banks. [SPEAKER_01]: They match your money. [SPEAKER_01]: wait to the term and then close the bank. [SPEAKER_01]: Yeah, that's how I made three hundred sixty one dollars. [SPEAKER_01]: So people know that you can do this to a bank and the banks are well aware of those. [SPEAKER_01]: This is my knowledge is about the credit card is the same thing as that.

[SPEAKER_02]: Yeah, very interesting. [SPEAKER_02]: Awesome. [SPEAKER_02]: So for those of you watching listening, it'll be down below. [SPEAKER_02]: Those links will be down below in the show. [SPEAKER_02]: No, we'll be sure to provide those. [SPEAKER_02]: Tommy, thanks so much for being here. [SPEAKER_02]: Thank you very much. [SPEAKER_02]: And for the listeners, I hope you enjoyed this episode. [SPEAKER_02]: I hope it made you think a little bit.

[SPEAKER_02]: If you think we're crazy, maybe we are. [SPEAKER_02]: I don't know. [SPEAKER_02]: I'm on Tommy's team on this one. [SPEAKER_02]: So we're both crazy together. [SPEAKER_02]: But expand your mind. [SPEAKER_02]: Expand your knowledge and your resources of what's available to you. [SPEAKER_02]: That's the only way you grow and scale your business. [SPEAKER_02]: We'll see you on tomorrow's episode of Harmony. [SPEAKER_02]: So watch.

[SPEAKER_00]: Another episode of harmonious at lunch in the books. [SPEAKER_00]: I hope this episode made you think, and you grab some actionable ideas to prepare your business. [SPEAKER_00]: Don't forget to like, comment your takeaways, and subscribe wherever you're listening, so we can help more entrepreneurs just like you to keep programming in the life and business. [SPEAKER_00]: For cutting edge tools that we're clearing to your people and processes, check out humanoff.com, the download